Overview

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Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The McKenney Foundation is a nonprofit organization focused on preserving and promoting African American history in Petersburg, Virginia. Its mission includes repurposing the former William R. McKenney Memorial Library into a city-wide African American history Museum-Center, restoring the historic McKenney Building, and creating an archival research facility. With an operating budget of $41K and total revenue of $114.2K, the foundation does not rely on a single funder for more than 50% of its revenue.

Mission Statement

To (i)repurpose the former William R McKenney Memorial Library to create the first city-wide African American history Museum-Center (the "Museum-Center") to reflect the significant istory of the Petersburg area where there was one of the largest concentrations of freed African Americans;(ii) educate the public regarding the history of the property located at 137 S. Sycamore Street in Petersburg, Virginia (the "McKenney Building") that houses the Museum Center, including General William Mahone, who resided in the building in 1867, and his Readjuster Party; (iii) restore the McKenney Building with the assistance of historic preservation tax credits, grants, donations, and services donated by the City of Petersburg; and (iv) create an archival space/research facility with a searchable catalog system for paper archives and ephemera owned by the City or gifted by the public (the "Research Facility").
Revenues
$114.2K
Expenses
$41K
Net Income:
+$73.2K
Assets
$915K
Liabilities
$0
Net Assets:
+$915K
Operating Budget
$41K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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W
Wayne M Crocker
Board Member
A
Andretta Hamilton
Board Member
R
Robert McKenney Hamner
Board Member

Frequently Asked Questions

What is The McKenney Foundation’s budget?
In 2024, The McKenney Foundation reported an annual operating budget of around $41 thousand. More detailed financial information is available to registered users.
Where does The McKenney Foundation operate?
The McKenney Foundation is headquartered in Petersburg, VA.
What is The McKenney Foundation’s reliance on government grants?
The McKenney Foundation relied on government grants for more than 85% of their total revenue in 2024.